Save £4,000 on your Summer Holiday
Posted on Feb 05, 2025Did you know you could save £4,000 on your 2025 summer holiday?! Before booking your holiday to somewhere warmer, take a look at how much £££ you could save by choosing a Penny Post loan.
As the mornings start to get brighter, many people are starting to think about their family summer holiday. With the financial pressure of Christmas, some may be considering paying for their summer trips with their credit card or bank overdraft.
Let’s look at the cost of this family friendly, luxury holiday to the Dominican Republic costing £7,400 for a family of 4.
APR Comparison
- Penny Post – great rates starting from just 2.9% FIXED APR
- Capital One Balance Credit Card – 34.9% representative APR
- Barclaycard Forward Credit Card – 33.9% representative APR
- Zable Credit Card – 48.9% representative APR
Rates taken from USwitch February 2025
Personal Loan
Less than £200 in savings with Penny Post? No problem! You could borrow up to £10,000 at great interest rates. By choosing Penny Post’s Personal Loan, you could save yourself more than £3,200 in interest AND you’ll have cleared your loan 12 months quicker!
Let’s break down the savings…
A £7,400 Personal Loan with Penny Post, repaid over 36 months at 19.9% fixed APR, would cost just £61.72 a week.
Now let’s compare this to Capital One’s Balance Credit Card at 34.9% representative APR.
You could borrow £7,400 on your credit card but your monthly payments would jump to £268. Your credit card would take 48 months / 4 years to repay, and you’d repay more than £5,440 in interest! That’s more than twice as much interest compared to Penny Post.
Advantage Loan
Do you have £200 or more in savings? Our Advantage Loan means you could borrow up to £25,000 at advantageous interest rates. Our Advantage Loan could save you more than £4,200 in interest, and you’ll have cleared your loan 12 months quicker!
Let’s break down the savings…
A £7,400 Advantage Loan, repaid over 36 months at 10.9% fixed APR, would cost just £55.27 a week.
If you opted to use your credit card at 34.9%, your regular repayments would increase to £268, and you’d be paying £4,200 more in interest compared to a Penny Post Advantage Loan.
Swap & Save Loan
If you’ve already used your credit card and are fed up of the high repayments, our Swap & Save Loan could help! By moving your loan to Penny Post, you could £££ in interest and repay your loan even quicker.
Check out our Consolidation Calculator to see how much you could save.
Don’t miss these savings and apply now.
Personal Loan example – A £7,400 Personal Loan, repaid over 36 months at 19.9% fixed APR, would cost just £61.72 a week. Total amount repayable £9,628.93.
Advantage Loan example – A £7,400 Advantage Loan, repaid over 36 months at 10.9% APR, would cost £55.27 a week. Total amount repayable £8,621.67.
Swap & Save Loan example – A £7,400 Swap & Save Loan, repaid over 36 months at 16.9% APR, would cost £59.55 a week. Total amount repayable £9,289.96.